Travere Therapeutics, Inc.

TVTX • NASDAQ

Travere Therapeutics, Inc. is a biotechnology company in the healthcare sector on NASDAQ, led by Eric Dube, with a market cap of $3.1B. As of Q3 2025, 113% of shares are held by 232 institutional investors, with HENDERSON GROUP PLC as the largest holder at 11.89%.

CEOEric Dube

Market Cap$3.1B

Biotechnology

Healthcare

Employees380.0

Websitetravere.com

Country

United States of America

Overview

Overview of institutional ownership in TVTX as of Q3 2025 with a market cap of $2.1B

All Institutions

Institutions: 232
Value Held: $2.4B
Shares Held: 100.7M
Avg Position: $10.4M
Median Position: $1.1M

Hedge Funds

Hedge Funds: 55
Value Held: $631.6M
Shares Held: 26.4M
Avg Position: $11.5M
Median Position: $2.3M

Ownership Breakdown

Institutional (non-HF)

83.34%

$1.8B

Hedge Funds

29.65%

$631.6M

Retail & Other

Based on market cap of $2.1B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in TVTX as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
HENDERSON GROUP PLC Institution	Ali Dibadj CEO	$253.3M 0.12% of portfolio	11.89% 10.6M shares	Q1 2020 Held for 5y 8m	$218.74B
B BlackRock, Inc. Institution	-	$193.6M 0.00% of portfolio	9.09% 8.1M shares	Q1 2014 Held for 11y 8m	$5.67T
ARMISTICE CAPITAL, LLC Hedge Fund•Long/Short	Steven Joseph Boyd Managing Partner	$160.7M 5.10% of portfolio	7.54% 6.7M shares	Q1 2021 Held for 4y 8m	$3.2B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$158.1M 0.00% of portfolio	7.42% 6.6M shares	Q1 2014 Held for 11y 8m	$6.69T
M MACQUARIE GROUP LTD Institution	-	$119.1M 0.14% of portfolio	5.59% 5.0M shares	Q2 2015 Held for 10y 5m	$82.9B
PERCEPTIVE ADVISORS LLC Hedge Fund•Long/Short	Joseph Eric Edelman CEO	$90.7M 2.63% of portfolio	4.26% 3.8M shares	Q2 2025 Held for 5 months	$3.5B
A ADAGE CAPITAL PARTNERS GP LLC Institution	-	$84.9M 0.13% of portfolio	3.98% 3.6M shares	Q4 2023 Held for 1y 11m	$63.0B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$76.9M 0.00% of portfolio	3.61% 3.2M shares	Q1 2014 Held for 11y 8m	$2.88T
FMR LLC Institution	-	$69.2M 0.00% of portfolio	3.25% 2.9M shares	Q1 2015 Held for 10y 8m	$1.92T
Rock Springs Capital Management LP Hedge Fund•Sector	Nnamdi C Etoh CFO	$51.7M 3.04% of portfolio	2.43% 2.2M shares	Q1 2015 Held for 10y 8m	$1.7B

Net Capital Flow

Institutional buying and selling activity for TVTX in Q3 2025

Traded: +$86.8M
Buyers: 130
Sellers: 100
Total Bought: +$419.7M
Total Sold: −$332.8M
Avg Position: $9.3M

Biggest Buyers

Institution	Net Bought	Current Position
PERCEPTIVE ADVISORS LLC Hedge Fund•Long/Short	+$70.8M +3.0M shares	$90.7M 3.8M shares
FMR LLC Institution	+$43.7M +1.8M shares	$69.2M 2.9M shares
Stephens Investment Management Group LLC Long Only Manager	+$38.2M +1.6M shares	$38.2M 1.6M shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	+$27.9M +1.2M shares	$28.7M 1.2M shares
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	+$25.9M +1.1M shares	$38.2M 1.6M shares
HENDERSON GROUP PLC Institution	+$25.3M +1.1M shares	$253.3M 10.6M shares
A ADAGE CAPITAL PARTNERS GP LLC Institution	+$18.4M +768.0K shares	$84.9M 3.6M shares
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	+$16.9M +707.5K shares	$16.9M 707.5K shares
VANGUARD GROUP INC Institution	+$14.8M +619.1K shares	$158.1M 6.6M shares
Graham Capital Management, L.P. Hedge Fund•Multi-Strategy	+$11.2M +467.0K shares	$11.2M 467.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
ARMISTICE CAPITAL, LLC Hedge Fund•Long/Short	−$51.4M −2.2M shares	$160.7M 6.7M shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$17.8M −743.0K shares	$41.9M 1.8M shares
Frazier Life Sciences Management, L.P. Venture Capital	−$14.6M −610.0K shares	$9.4M 392.1K shares
K Kynam Capital Management, LP Hedge Fund•Long/Short	−$14.1M −591.0K shares	$22.7M 949.7K shares
Parkman Healthcare Partners LLC Hedge Fund•Long/Short	−$11.6M −487.3K shares	$8.1M 339.8K shares
Affinity Asset Advisors, LLC Hedge Fund•Long/Short	−$11.2M −470.0K shares	$12.0M 500.0K shares
D D. E. Shaw & Co., Inc. Institution	−$11.2M −467.5K shares	$15.9M 663.3K shares
MORGAN STANLEY RIA/Wealth	−$10.8M −451.5K shares	$26.7M 1.1M shares
C Cubist Systematic Strategies, LLC Institution	−$10.3M −699.2K shares	Sold Off 0 shares
JACOBS LEVY EQUITY MANAGEMENT, INC Hedge Fund•Quant	−$10.0M −417.1K shares	$7.6M 318.1K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited TVTX in Q3 2025

New Positions: 19
New Value: $53.0M
Exited Positions: 26
Exited Value: $38.3M

New Positions

Institution	Position Value
Stephens Investment Management Group LLC Long Only Manager	$38.2M 1.6M shares
APIS CAPITAL ADVISORS, LLC Hedge Fund•Long/Short	$4.0M 166.0K shares
AH Lisanti Capital Growth, LLC Long Only Manager	$3.1M 129.5K shares
F FRED ALGER MANAGEMENT INC Long Only Manager	$2.9M 122.0K shares
Cinctive Capital Management LP Hedge Fund•Multi-Strategy	$2.3M 94.7K shares
T TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY Institution	$732.2K 30.6K shares
O OMERS ADMINISTRATION Corp Institution	$478.0K 20.0K shares
Militia Capital Partners, LP Hedge Fund•Long/Short	$368.1K 15.4K shares
I INCEPTIONR LLC Hedge Fund•Quant	$250.6K 10.5K shares
F FIDUCIARY TRUST CO Institution	$226.1K 9.5K shares

Exited Positions

Institution	Previous Position
C Cubist Systematic Strategies, LLC Institution	$10.3M 699.2K shares
LOOMIS SAYLES & CO L P Long Only Manager	$6.5M 439.3K shares
Vestal Point Capital, LP Hedge Fund•Long/Short	$5.3M 355.0K shares
S SPHERA FUNDS MANAGEMENT LTD. Institution	$5.0M 335.3K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$2.5M 167.9K shares
Sio Capital Management, LLC Hedge Fund•Long/Short	$1.8M 122.2K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.6M 109.8K shares
GSA CAPITAL PARTNERS LLP Hedge Fund•Quant	$1.3M 88.2K shares
AMERIPRISE FINANCIAL INC Institution	$1.1M 73.7K shares
T TWINBEECH CAPITAL LP Hedge Fund•Quant	$691.6K 46.7K shares

Options Activity

Institutions with the largest Call and Put options positions in TVTX as of Q3 2025

Call Positions: 16
Call Value: $56.4M
Put Positions: 10
Put Value: $22.8M

Call Positions

Institution	Position Value
Caption Management, LLC Hedge Fund•Long/Short	$13.8M 5.8K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$10.0M 4.2K contracts
J JANE STREET GROUP, LLC Institution	$7.7M 3.2K contracts
Ikarian Capital, LLC Hedge Fund•Event Driven	$5.1M 2.1K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$4.3M 1.8K contracts
WELLS FARGO & COMPANY/MN Institution	$4.0M 1.7K contracts
UBS Group AG Institution	$2.5M 1.0K contracts
S SPHERA FUNDS MANAGEMENT LTD. Institution	$2.4M 1.0K contracts
BOOTHBAY FUND MANAGEMENT, LLC Fund of Funds	$2.0M 843.0 contracts
BANK OF AMERICA CORP /DE/ Institution	$1.9M 800.0 contracts

Put Positions

Institution	Position Value
Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy	$7.6M 3.2K contracts
Caption Management, LLC Hedge Fund•Long/Short	$4.0M 1.7K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$3.4M 1.4K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$2.4M 1.0K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.2M 905.0 contracts
J JANE STREET GROUP, LLC Institution	$1.6M 689.0 contracts
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	$1.3M 540.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$207.9K 87.0 contracts
Walleye Trading LLC RIA/Wealth	$93.2K 39.0 contracts
DIADEMA PARTNERS LP Hedge Fund•Long/Short	$7.2K 3.0 contracts

Most Committed Institutions

Institutions with TVTX as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
ARMISTICE CAPITAL, LLC Hedge Fund•Long/Short	Steven Joseph Boyd Managing Partner	5.10% $160.7M	7.54% 6.7M shares	Q1 2021 Held for 4y 8m	$3.2B
Rock Springs Capital Management LP Hedge Fund•Sector	Nnamdi C Etoh CFO	3.04% $51.7M	2.43% 2.2M shares	Q1 2015 Held for 10y 8m	$1.7B
PERCEPTIVE ADVISORS LLC Hedge Fund•Long/Short	Joseph Eric Edelman CEO	2.63% $90.7M	4.26% 3.8M shares	Q2 2025 Held for 5 months	$3.5B
K Knott David M Jr Institution	-	2.60% $6.2M	0.29% 260.0K shares	Q3 2023 Held for 2y 2m	$238.7M
Eversept Partners, LLC Hedge Fund•Long/Short	Rishi Rasesh Shah President	2.59% $33.9M	1.59% 1.4M shares	Q1 2024 Held for 1y 8m	$1.3B
Exome Asset Management LLC Hedge Fund•Sector	Alex R Forschner President	2.53% $3.8M	0.18% 156.9K shares	Q1 2025 Held for 8 months	$148.0M
K Kynam Capital Management, LP Hedge Fund•Long/Short	Jared Joseph Keller COO	1.69% $22.7M	1.07% 949.7K shares	Q4 2021 Held for 3y 11m	$1.3B
EMERALD ADVISERS INC/PA Long Only Manager	Kenneth George Mertz CEO	1.64% $51.3M	2.41% 2.1M shares	Q2 2023 Held for 2y 5m	$3.1B
EMERALD MUTUAL FUND ADVISERS TRUST Long Only Manager	Stacey Lynn Sears President	1.53% $28.7M	1.35% 1.2M shares	Q2 2023 Held for 2y 5m	$1.9B
S SUPERSTRING CAPITAL MANAGEMENT LP Hedge Fund•Long/Short	Guo Ting Managing Partner	1.26% $1.3M	0.06% 53.6K shares	Q1 2025 Held for 8 months	$101.5M

Hedge Fund Spotlight

Discover hedge funds investing in TVTX

EntryPoint Capital, LLC

Hedge Fund • Long/Short

Portfolio ManagerLawrence Edward Leibowitz

Portfolio Value: $258.4M
Positions: 644
Last Reported: Q3 2025

Sector Allocation

Position in Travere Therapeutics, Inc.

Market Value: $289.2K
Shares Held: 12.1K
Portfolio Weight: 0.11%
Owned Since: 2024-Q4

Top Holding	Sector	Market Value	Weight
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2 Strategic Education, Inc. STRA	Education & Training Services Consumer Defensive	$1.5M	0.58%
3 ESCO Technologies ESE	Hardware, Equipment & Parts Technology	$1.5M	0.56%